Jack and Jill live in a community property state.Jill works full time,and Jack stays home taking care of their children.What is the legal status of the earnings Jill makes that are used to purchase a new home?

Question

Quizplus · Accepted Answer

In a community property state, income earned during marriage is considered jointly owned by both spouses. Therefore, the earnings Jill makes while married to Jack would be considered jointly owned by both of them, even if Jill is the only one working. The purchase of a new home would be considered a community property asset, owned equally by both spouses.

Jack and Jill Live in a Community Property State